Real Estate terms starting with D

48 terms

Data Element Dictionary (DED) The Data Element Dictionary (DED) is a table in which the data element that you are searching for is located.
Day Any day other than a Saturday or Sunday or legal holiday.
Debarment Disqualification of a firm or individual from contracting with the government or participating in government non-procurement transactions for a specific…
Debt An obligation to repay a sum of principal, plus interest. In corporate terms, debt often refers to bonds or similar securities.
Debt Security Debt securities are interest-paying bonds, notes, bills, or money market instruments that are issued by governments or corporations.
Debt-to-income (DTI) a comparison or ratio of gross income to housing and other expenses or debts the homeowner owes.
Debt-to-Income Ratio A measure of creditworthiness computed by dividing the dollar amount of monthly debts by total gross monthly income, then converting the result to a…
Debtor Someone who owes monies to another party.
Decorative Masonry Terra cotta, cast-stone or natural stone (such as limestone, marble, brownstone or granite) facade areas and/or any ornamental feature which is a…
Deductible The dollar amount you must pay out-of-pocket for each claim before the insurance company begins paying.
Deed A deed is a written document that transfers ownership of land or other real estate from the owner, also known as the grantor, to the buyer, or grantee.
Deed of Trust A legal document in which the borrower transfers the title to a 3rd party (trustee) to hold as security for the lender.
Deed-in-Lieu To avoid foreclosure ("in lieu" of foreclosure), a deed is given to the lender to fulfill the obligation to repay the debt; this process does not allow…
Deed-in-Lieu of Foreclosure the process by which a homeowner may voluntarily transfer the deed to a home to the servicer when payments cannot be made.
Default Default occurs when a debtor is unable to meet the legal obligation of debt repayment, one form of which is the failure to promptly pay interest or…
Deferred Payments loan payments that are authorized to be postponed as part of a workout process to avoid foreclosure.
Delayed exchange Same or similar to "tax-free exchange." See also "tax-free exchange."
Delinquency A debt that was not paid when due.
Demand loan A loan having no specific date for repayment but may be called by the lender at any time.
Demolition Dismantling or razing of all or part of an existing improvement.
Dentil A small, square, tooth-like block in a series beneath a cornice.
Department of Defense (DOD) The mission of the Department of Defense (DOD) is to provide the military forces needed to deter war and to protect the security of our country.
Department of Energy (DOE) In 1989, the Department of Energy (DOE) created the Office of Environmental Management (EM) to mitigate the risks and hazards posed by the legacy of…
Department of Housing and Urban Development (HUD) The U.S. government agency that administers FHA, GNMA and other housing programs.
Department of Transportation (DOT) Established by an act of Congress on October 15, 1966, the Department of Transportation's (DOT) mission is to serve the United States by ensuring a fast…
Deposit (Earnest Money) Money put down by a potential buyer to show that they are serious about purchasing the home; it becomes part of the down payment if the offer is accepted…
Depository Institution A financial institution that makes loans and obtains its funds mainly through accepting deposits from the public; includes commercial banks, savings and…
Depreciation The act of lowering an item´s value due to use or wear and tear.
Derivative Derivatives are financial products, such as futures contracts, options, and mortgage-backed securities.
Detached house A housing unit surrounded by freestanding walls and generally seated on a separate lot.
Details The dimensions and contours of both the stationary and moveable portions of a window, and moldings.
Disclosures Certain information that Federal and State laws require creditors to give to borrowers relative to the terms of the credit extended.
Discount Point Some lenders require you to prepay a portion of the interest due on your mortgage as a condition of approving the loan.
Discount Points Amount paid to the lender by the borrower or seller to decrease or "buy down" the borrower's interest rate.
Display Window The large glazed portion of the storefront, and the associated framing, above the bulkhead and below the transom, extending from pier to pier.
Document Recording After closing on a loan, certain documents are filed and made public record. Discharges for the prior mortgage holder are filed first.
Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act) Legislation intended to promote the financial stability of the United States by improving accountability and transparency in the financial system, end…
Doric One of five classical orders, recognizable by its simple capital. The Greek Doric column has a fluted shaft and no base; the Roman Doric column may be…
Dormer A vertical structure, usually housing a window, that projects from a sloping roof and is covered by a separate roof structure.
Double hung A type of window with two sash, each sliding on a vertical track.
Down Payment A down payment is the amount, usually stated as a percentage, of the total cost of a property that you pay in cash as part of a real estate transaction.
Drip molding A projecting molding around the head of a door or window frame, often extended horizontally at right angles to the sides of the frame, intended to channel…
Due on Sale Clause A provision in a mortgage that allows the lender to demand repayment in full of the outstanding balance if the property securing the mortgage is sold.
due-on-sale A clause in a mortgage or deed of trust allowing a lender to require immediate payment of the balance of the loan if the property is sold (subject to the…
Dunnage Supports for air conditioning and other equipment above the roof of a building.
Duplex A dwelling divided into two units.
Duration In simplified terms, a bond's duration measures the effect that each 1% change in interest rates will have on the bond's market value.
Dwelling An insured's home.